Question

PLEASE HURRYYYYY!!!!!! THIS ASSIGNMENT IS DUE IN THE NEXT HOUR!!!!! What are the positive results of government regulation of the economy? What are the negative results? How would the answers change based on the point of view of the person answering (e.g. consumer, business owner, etc.)?

Answer 1

Answer:

Regulation is a major way in which government influences the U.S. market economy. The scope of government regulations is vast and reaches all sectors of the economy and all aspects of our daily lives. United States faces growing challenges in an increasingly competitive global economy. Recent decades have seen a decline in economic growth and innovation, and one important cause is poorly-designed government policies. Large swaths of the American economy are distorted by government mandates and incentives, and the vast majority of binding “laws” are not enacted by our elected representatives in Congress, but are promulgated by agencies as regulations.